Friday, April 8, 2011
Just got online
And I go to Kitco dot com, and what do I see? Forty dollar silver, yikes! One hundred ten a barrel oil, yikes! But it is no surprise to me. The laws of economics cannot be flouted. The inevitable consequence of inflationary policies will be inflation. It doesn't show up immediately, but it does show up. Nine to eighteen months, according to what I can recall. The first QE was back in early 2009, so this has been longer than eighteen months. Inflation has been in the commodities markets for a long time, though. It may take awhile before it gets fully into finished goods and so forth. But it is coming.
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